Emerson Electric Company to Post Q1 2018 Earnings of $0.51 Per Share, Oppenheimer Holdings Forecasts (EMR)
Emerson Electric Company (NYSE:EMR) – Equities research analysts at Oppenheimer Holdings issued their Q1 2018 earnings estimates for shares of Emerson Electric in a report released on Tuesday. Oppenheimer Holdings analyst C. Glynn forecasts that the industrial products company will post earnings of $0.51 per share for the quarter. Oppenheimer Holdings also issued estimates for Emerson Electric’s Q2 2018 earnings at $0.66 EPS, Q3 2018 earnings at $0.80 EPS, Q4 2018 earnings at $0.93 EPS and FY2019 earnings at $3.25 EPS.
Several other equities analysts have also issued reports on EMR. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price target on shares of Emerson Electric in a report on Wednesday, July 19th. BidaskClub lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $62.00 price target (up previously from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Berenberg Bank reissued a “sell” rating and issued a $53.00 price target on shares of Emerson Electric in a report on Friday, August 11th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $67.00 target price (up from $64.00) on shares of Emerson Electric in a research note on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Emerson Electric has a consensus rating of “Hold” and a consensus target price of $65.14.
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Shares of Emerson Electric (NYSE EMR) traded up $0.13 during mid-day trading on Thursday, hitting $61.61. 3,613,357 shares of the stock traded hands, compared to its average volume of 3,648,008. Emerson Electric has a one year low of $53.92 and a one year high of $67.79. The firm has a market cap of $39,348.40, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 2.81 and a beta of 1.24. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.43.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter in the previous year, the business earned $0.74 EPS. The firm’s revenue was up 12.8% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.15%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, November 16th. Emerson Electric’s dividend payout ratio is currently 81.70%.
In other news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total transaction of $117,980.00. Following the completion of the transaction, the insider now directly owns 64,290 shares in the company, valued at approximately $3,792,467.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.79% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Zeke Capital Advisors LLC boosted its stake in shares of Emerson Electric by 121.9% during the 3rd quarter. Zeke Capital Advisors LLC now owns 11,381 shares of the industrial products company’s stock worth $715,000 after buying an additional 6,251 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Emerson Electric by 1.9% during the 3rd quarter. Amalgamated Bank now owns 74,266 shares of the industrial products company’s stock worth $4,667,000 after buying an additional 1,392 shares during the last quarter. BKS Advisors LLC boosted its stake in shares of Emerson Electric by 5.3% during the 3rd quarter. BKS Advisors LLC now owns 33,292 shares of the industrial products company’s stock worth $2,092,000 after buying an additional 1,676 shares during the last quarter. Nuance Investments LLC boosted its stake in shares of Emerson Electric by 1.3% during the 3rd quarter. Nuance Investments LLC now owns 385,314 shares of the industrial products company’s stock worth $24,213,000 after buying an additional 4,794 shares during the last quarter. Finally, Richard C. Young & CO. LTD. boosted its stake in shares of Emerson Electric by 6.1% during the 3rd quarter. Richard C. Young & CO. LTD. now owns 35,714 shares of the industrial products company’s stock worth $2,244,000 after buying an additional 2,053 shares during the last quarter. Institutional investors own 70.14% of the company’s stock.
About Emerson Electric
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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